5
things CU leaders need to know on coronavirus
NAFCU's widely-read
NAFCU Today is credit union leaders' go-to source for the latest on issues
impacting the credit union industry. For those short on time, here's a roundup
of this week's top need-to-know news bits related to coronavirus efforts and concerns:
NAFCU
launches coronavirus FAQs for CUs
As credit unions work to support
their members, NAFCU has launched a new set of Frequently Asked Questions (FAQs)
designed to address specific issues related to the coronavirus. The association
also has a dedicated webpage with the latest developments and resources.
NAFCU
seeks e-sign relief for CUs, members
NAFCU's Carrie Hunt yesterday
urged the CFPB to modernize electronic disclosure and signature-related provisions
of all its regulations and outlined proposed legislative amendments to the Electronic
Signatures in Global and National Commerce Act (E-Sign Act) to provide relief
to credit unions and their members amid the coronavirus pandemic.
ICYMI: Coronavirus Update
Webinar (Member-Only)
The impact of the coronavirus pandemic on
the credit union industry
CFPB
provides tips to handle coronavirus impact, how to proceed with financial obligations
Amid concerns about the financial impact of the coronavirus outbreak, the CFPB
published a blog post Monday detailing how consumers can best protect themselves.
FCC's
O'Rielly nominated for third term
President Donald Trump Wednesday
re-nominated Federal Communications Commissioner Michael O'Rielly for another
five-year term. O'Rielly was previously nominated for a seat on the FCC in
2013 and has served two terms; he is being nominated another five-year term that will expire in 2024.
FDIC
approves applications for 2 industrial loan companies
The FDIC this
week approved two deposit insurance applications for two new industrial loan companies
(ILCs): Square, Inc. and Nelnet, Inc. NAFCU has argued against the continued chartering
of ILCs due to lack of Federal Reserve oversight.
